Louis Taylor appointed the General Director of Standard Chartered Bank (Vietnam) Limited

Hanoi, 1 November, 2010 – Standard Chartered Bank (Vietnam) Limited today announced the appointment of Louis Taylor as its new General Director and Vice Chairman. Ashok Sud’s term as General Director and Vice Chairman in Vietnam has ended, though he will continue to sit on the bank’s board of management as a Non Executive Director.

“After almost 5 years at the helm of Standard Chartered Bank in Vietnam, my tenure in Vietnam has come to an end. During this challenging time we have witnessed the growth of Standard Chartered Bank in Vietnam, the Vietnamese banking sector and more importantly, Standard Chartered Bank’s partnership and long-term commitment to Vietnam. I strongly believe that under Louis Taylor’s leadership, Standard Chartered Bank Vietnam will grow to the next level of achievement”.

Louis Taylor is from Newcastle, England. He spent 8 years in investment banking, then 5 years running strategy and acquisitions for two industrial companies, before joining Standard Chartered Bank six years ago. Since then, he has been involved in most of the bank’s strategic acquisitions, including the bank’s stake in Asia Commercial Bank – the most profitable local private sector bank in Vietnam.

“It is a genuine privilege for me to take on this amazing role at such an exciting time. The business has grown strongly under Ashok’s tenure. With the increase in capital to VND 3 trillion, we have an imperative to grow our business further, and to develop a sustainable and profitable franchise based on a broad range of deep client relationships. We intend to continue doing this in a way which fulfils our brand promise - to be “Here for good””.

Louis is married to Kate and they have three children who are all with him here in Vietnam.

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